ZI  ^ 


Indiana  Limestone 
Company 


t 


Statistics  and  statements  contained  herein  while  not  guaranteed  are  obtained  from  sources  we  consider  to  be  reliable. 

MAY  1926 


I HD  I All  A LIMESTONE  COMPANY 


Supplementary 

Data 


The  use  of  Indiana  limestone,  as  an  architectural  material,  "began 
about  the  time  of  the  Civil  17a r.  It  was  used  in  building  the  Lawrence  County 
Court  House  in  Eedford,  Indiana  at  this  time  and  this  building  remains  today 
as  an  example  of  the  enduring  qualities  of  Indiana  limestone-  It  is  still  in 
perfect  condition.  Since  the  Civil  TJar,  the  use  of  Indiana  limestone  in  all 
the  worthier  sorts  of  buildings,  has  increased  by  leaps  and  bounds  and  until 
today,  substantial  portions  of  both  monumental  and  simpler  commercial  buildings 
are  built  of  it,  justifying  its  title  as  "The  Nation's  Building  Stone." 

The  following  table  shows  the  position  of  Indiana  limestone  in  the 
building  industry.  All  of  the  figures,  except  those  referring  specifically  to 
the  Indiana  Limestone  Company,  are  taken  from  "Stone  in  1924"  published  by  the 
Department  of  Commerce,  Bureau  of  Mines. 

Building  stone  sold  or  used  by 

producers  in  the  U.S.  in  1924  — 27,457,520  cu.  ft. 

Limestone  included  in  above 14,456,320  cu.  ft. 

Per  Cent  Limestone 5 3$ 


T> 

0 

4 


Limestone  sold  as  building  stone 
by  Producers  in  Bedf ord-Bloomington 


District 11,005,570  cu-  ft. 

Per  Cent  of  all  Limestone 76% 

Per  Cent  of  all  building  stone 40% 

Produced  by  Indiana  Limestone  Co.  2,126,179  cu.  ft. 

Per  Cent  of  Indiana  Limestone 

produced  by  I.L.  Co. 74% 

Per  Cent  of  all  limestone 56% 

Per  Cent  of  all  building  stone 29% 


AVERY  LIBRARY 
COLUMBIA  UNIVERSITY 


vS 

rl 


Digitized  by  the  Internet  Archive 
in  2017  with  funding  from 
Columbia  University  Libraries 


https://archive.org/details/catalogindianaliOOindi 


-2- 


LIMESTONE 

Limestone,  because  of  its  workability  and  especially  pleasing  qualities,  bus  a?' ' ’ 
easily  held  the  leadership  among  building  stones  wherever  it  could  be  had  at  a.  » 
The  principal  Pyramids  are  built  of  it.  Most  of  the  great  Gothic  cat hears  is  tl  ;t 
aro  well  preserved,  are  wrought  from  it.  The  celebrated  Portland  limestone  of 
England,  which  is  undoubtedly  the  best*  European  building  stone,  is  held  to  be  a 
poor  second  to  the  great  deposit  which  occurs  in  Lawrence  and  Monroe  counties, 
Indiana,  known  geologically  as  the  Indiana  Oolitic  Limestone,  formerly  a.  as 
"Bedford  Stone". 

INDIANA  LIMESTONE 


Indiana  Limestone  is  the  sum  of  all  the  qualities  which  an  architect,  an  engineer 
and  a prospective  builder  together  could  ask  for  in  a building  material.  It  is 
beautiful  in  color  and  texture  and  it  is  extremely  strong.  It  can  be  worked 
with  great  facility  and  perfection.  Yet,  even  when  finely  carved,  it  is,  from 
any  practical  standpoint,  everlasting.  It  is  abundant,  and  this  with  its  workable 
quality,  makes  it  far  from  costly.  It  possesses  exceptional  chemical  qualities 
and  can  be  easily  werked  with  tools  and  machinery,  making  the  finished  stone 
available  at  a price  considerably  lower  than  that  of  other  natural  stones.  Its 
fire  resisting  quality  is  high.  It  can  be  had  in  blocks  of  practically  any  size 
and  the  supply  is  abundant. 

In  beauty  and  dignity,  the  first  consideration  in  a building  material,  Indiana 
limestone  is  beyond  comparison.  It  is  to  be  had  in  several  shades  and  textures, 
nearly  all  of  which  are  found  in  the  same  quarry  and  although  certain  distinctive 
varieties  are  more  prevalent  in  certain  portions  of  the  deposit,  range  of  color 
and  texture  is  produced  by  nearly  every  quarry.  The  chief  varieties  of  Indiana 
limestone  are  known  as  buff,  gray  and  variegated* 

In  cost,  Indiana  Limestone  has  the  advantage  over  practically  every  other  building 
stone  in  general  use  in  the  country.  This  naturally  adds  to  its  popularity.  In 
order  to  indicate  the  approximate  cost  of  Indiana  Limestone  as  compared  with 
other  building  stones  and  some  competing  materials,  the  following  prices  have  been 
obtained  which  represent  the  relative  cost  per  cubic  foot  of  each  of  the  following 
stones  and  materials  set  in  place  in  New  York  City.  Marble  $10  per  cubic  foot, 
granite  $9* CO  per  cubic  foot,  Indiana  Limestone  $6.50  per  cubic  foot,  imitation 
limestone  $5*50  per  cubic  foot,  terra  cotta  $4*50  per  cubic  foot.  These  prices, 
of  course,  include  the  freight  to  New  York  City  so  that  wherever  the  market  is 
nearer  the  quarry,  the  actual  cost  of  Indiana  Limestone  becomes  relatively  lower. 

As  shown  by  the  above  table,  7 6$  of  all  building  limestone  is  produced  in  the 
Bedford- Bloomington  district  of  Indiana.  It  is  not  only  quarried  in  this  dis- 
trict, but  milled  in  cut  stone  plants  located  in  the  immediate  vicinity.  It  is 
cut  either  by  gang  saws  at  the  quarries  or  by  gang  saws  and  diamond  tooth  circu- 
"! nr  saws  at  the  cut  stone  mills.  It  is  finished  by  machinery  and  machine  tools. 

For  instance,  immense  stone  columns,  weigning  many  tons,  are  tuned  out  on  lathes. 

Deposits  of  Indiana  limestone  are  particularly  well  located  as  to  transportation, 
being  almost  in  the  center  of  population  of  the  United  States.  The  district  is 
served  directly  by  the  Chicago,  Indianapolis  and  Louisville  Railway,  (the  Monon 
Route)  and  the  Chicago,  Milwaukee  & St.  Paul  Railroad,  which  afford  connections 
for  all  parts  of  the  country. 

The  wide  spread  use  of  Indiana  limestone  is  best  indicated  by  a list  of  some  of 
the  mere  important  structures  built  of  it.  A list  of  all  the  structures  using 
Indiana  limestone  would  run  into  the  thousands.  For  instance,  a partial 

list  of  Indiana  limestone  bank  buildings  in  the  United  States  and  Canada  shows 


-> 


such  buildings  in  UU  states,  Washington,  D.C.  and  7 Canadian  provinces.  Th 
list  gives  the  names  of  approximately  1,000  banks- 

The  following  list  gives  a few  outstanding  structures  in  various  cities: 


NEW  YORK  - 

Greenwich  Savings  Bank 

Seabord  National  Bank 

Park  Avenue  Baptist  Church 

Hotel  Biltmore 

Hotel  St.  Regis 

Grand  Central  Terminal 

Standard  Oil  C'o» 

Cunard  Building 

New  York  Cotton  Exchange 

Federal  Reserve  Bank  (part  sand  stone) 
Consolidated  Stock  Exchange 

U.  S.  Assay  Office 

Trinity  Building 

CHICAGO 

Central  Trust  Co.  of  Illinois 

Illinois  Merchants  Bank  Building 

Federal  Reserve  Eank 

Fourth  Presbyterian  Church 

Quigley  Memorial  Church 

Tribune  Tower 

Straus  Building 

London  Guarantee  & Accident  Building 

Illinois  Life  Insurance  Building 

Harper  Memorial,  U.  of  C. 

Michigan  Avenue  Bridge 

University  Club 

Raquet  Club 

DETROIT 

First  National  Bank 

Detroit  Trust  Co. 

Bank  of  Detroit  (3  Branches) 

Highland  Park  School 

Michigan  Central  Terminal 

Detroit  News  Building 

General  Motors  Building 

CLEVELAND  - 

Guardian  Trust  Co. 

Union  Trust  Co. 

National  City  Eank 

East  Ohio  Gas  Co. 

Hanna  Building 

New  Ohio  Bell  Building 

Public  Auditorium 

United  Eanking  and  Trust  Co. 

LOS  ANGELES  - 


Los  Angeles  Gas  & Electric  Building 


SAN  FRANCISCO 

First  National  Bank 

United  States  National  Eank  Building 

BOSTON 

Federal  Reserve  Bank 

Ecs'con  Stock  Exchange 

He :rnb lower  & Weeks  Building 

Kidder,  Peabody  & Co. 

Chamber  of  Commerce  Building 

WASHINGTON,  D . C . - 

Scottish  Rite  Temple 

Riggs  Banks  and  Branches 

Department  of  the  Interior 

Bureau  of  Printing  & Engraving 

BALTIMORE,  HD.  - 

Citizens  National  Bank 

National  Union  Bank 

B.  & 0.  Office  Building 

ATLANTA,  GA- 

State  Capitol 

Federal  Reserve  Eank 

NEW  ORLEANS,  LA.  - 

Hibernia  Eank  and  Trust  Co. 

Whitney  Central  National  Bank 

New  Cotton  Exchange 

RICHMOND,  VA. 

Federal  Reserve  Bank 

ST.  LOUIS,  MO.  - 

Federal  Reserve  Bank 

Mississippi  Valley  Trust  Co. 
Southwestern  Bell  Telephone  Co. Bldg. 

KANSAS  CITY, MO.  - 

Federal  Reserve  Bank 

Kansas  City  Life  Insurance  Co. 

INDIANAPOLIS 

State  Capitol 

Municipal  Garage 

Fletcher  Savings  & Trust  Co. 

MILWAUKEE,  Wis.  - 

Museum- Ln b ra ry  Buil ding 

Second  Ward  Savings  Bank 

MINNEAPOLIS 

Federal  Reserve  Eank 

Farmers  8:  Mechanic's  Savings  Bank 
First  National  Bank 

DENVER 

First  National  Eank 

United  States  National  Bank 

DALLAS 

Federal  Reserve  Bank 

City  National  Bank 

PHILADELPHIA 

Corn  Exchange  National  Bank 

Second  National  Eank. 

CINCINNATI 

COLUMBUS 

TOLEDO 

AKRON 

YOUNC-STOWN 
DE3  MOINES 
OMAHA 

MEMPHIS 

PROVIDENCE.,  R.  I 
PITTSBURGH 

TULSA 

OKLAHOMA  CITY  - 
WILMINGTON, DEL-- 
ALBANY,  N.Y.  - 
NEWARK,  N.J.  - 
SCRANTON;  Pa.  - 
SPRINGFIELD,  ILL. 
TOPEKA;  KANS  - 
PORTLAND;  ORE.- 
TORONTO;  ONT-  - 


Atlas  National  Bank 
Hyde  Park  Savings  Bank 
Washington  Bank  & Savings  Co. 

Citizens  Trust  & Savings  Eank 
Ohio  National  Bank 

Home  Savings  Bank 
Northern  National  Eank 


Ohio  Savings  & Trust  Co. 
Depositors  Savings  & Trust  Co. 
First-Second  National  Eank 

First  National  Bank  Bldg. 

Municipal  Court  Building 

Union  Pacific  Building 
United  States  National  Bank 

Shelly  County  Court  House 
First  National  Bank 

Rhode  Island  Hospital  Trust  Co. 

Calvary  Baptist  Church 
Calvary  Episcopal  Church 


City  Hall 

Post  Office  and  Federal  Building 

Public  Library 

Albany  County  Court  House 

Globe  Indemnity  Co. 

Scranton  Gas  & Water  Co. 

Centennial  Memorial  Building 

Mu  1 vaai e Art  Museum 

Fidelity  Trust  Co. 

Dominion  Bank  (U  Branches) 
Imperial  Bank  (3  Branches) 
Toronto  Stock  Exchange 
War  Memorial 
St.  James  Cathedral 


-6- 


KONTREAL,  QUE.  - Bank  of  Montreal 

Canadian  Bank  of  Commerce 


REGINA,  BASE. 


HALIFAX,  N.S. 

VANCOUVER, B. C ■ 

CALGARY  and 
EDMONTON, 
ALBERTA. 


Bank  of  Montreal 
Royal  Bank  of  Canada 

Royal  Bank  of  Canada 

Canadian  Bank  of  Commerce 


Bank  of  Montreal 


It  is  interesting  to  note  that  g Federal  Reserve  Banks  are  of  Indian  lime- 
stone and  that  the  New  York  Federal  Reserve  Eank  is  partly  of  Indiana  lime- 
stone. 


TRADE  PROSPECTS 

A large  group  of  Companies  in  the  Indiana  limestone  field  have  for  several 
years  "been  doing  a great  deal  of  research  work  through  an  association  known 
as  "Indiana  Limestone  Quarrymen,s  Association."  This  Association  has  spent 
large  sums  of  money  and  great  effort  in  successfully  exploiting  Indiana  lime- 
stone in  a national  way.  Their  annual  report  for  1325,  just  published,  says 
in  part : 

''All  authentic  information  available  at  the  beginning  of  the  year 
1526  seems  to  point  to  another  year  of  large  building  activity, 
although  it  is  probable  that  the  volume  making  up  the  total  will 
be  somewhat  differently  distributed  in  the  different  classes  of 
buildings,  residence  construction,  that  is  suburban  residences,  instead 
of  large  apartment  buildings  becoming  a more  important  factor  in  the 
total  for  the  year  1926. 

Since  it  appears  that  nearly  every  line  of  business,  even  the  agri- 
cultural interest,  is  in  a stronger  iinanced  condition  than  ever 
before,  it  is  reasonable  to  assume  tha.t  there  will  be  a great  volume 
of  purely  commercial,  rather  than  speculative,  building  construction, 
and  in  addition  to  this  there  will  be  some  of  the  U.S.  Government 
construction  provided  by  the  Public  Building  Bill  now  pending  in 
Congress. 

TThile  some  of  the  large  investing  corporations  have  restricted 
loans  to  some  extent,  this  is  confined  to  certain  types  of  buildings 
in  New  York  and  other  large  cities.  In  fact,  contract^- w already 
let  and  live  projects  out  for  figures  are  enough  to  assure  good 
business  in  the  building  industry  for  months  to  come." 


■if 


-7- 


AVAILABLE  SUPPLY  OF  INDIANA  LIMESTONE 


The  appraisal  of  the  quarry  properties  made  by  C.T7.  Walters,  President  of  the 
Indiana  Quarries  Co.  and  President  of  The  Cleveland  Stone  Company;  A.  E. 
Dickinson,  President  and  General  Manager  of  the  Consolidated  Stone  Company; 

W.  A.  C.  Smith,  President  of  the  Ohio  Quarries  Company  and  President  of  the 
Ohio  Cut  Stone  Company,  is  made  upon  a most  conservative  basis. 


This  appraisal  shows  that  the  Indiana  Limestone  Company  will  own  5*057  acrcs 
of  quarry  lands  of  which  1,652  acres  are  considered  good  stone  land.  The 
a.ppraisal  takes  one-half  of  this,  or  S26  acres  of  stone  land  that  can  be 
successfully  and  economically  operated.  The  depth  of  the  Oolitic  deposits 
varies  from  40  to  ,0  feet,  but  for  the  purpose  of  the  appraisal,  the  lesser 
figures  of  40  feet  was  taken.  This  gave  a total  of  1,439,222, U00  cubic  feet. 
Waste  incident  to  quarrying,  channeling,  drilling,  unsound  stone,  etc., 
ranges  from  UCfo  to  60 fo  and  for  the  purposes  of  the  appraisal,  60^  was  taken, 
ihis  left  a figure  of  575*6SS,960  cubic  feet  of  estimated  recoverable,  sale- 
able stone  in  marketable  shapes  and  sizes,  or  a 70-year  supply  at  the  present 
rate  of  production.  If  the  rate  of  production  should  be  increased  by  as 
much  as  40yb,  the  supply  would  last  over  50  years  cn  this  basis.  The  figure  of 
575*OCO,GvO  cuoic  feet  is  of  special  interest  when  it  is  realized  that  one 
Company  in  the  consolidation  reported  after  careful  survey  that  they  alone  had 
343*OCO,OCO  cubic  feet  of  recoverable  stone. 


APPRAISAL  OF  MILLS 


The  detailed  appraisal  of  Coats  & Burchard  of  the  mill  properties,  shews 
a 1 of  tne  most  important  mills  are  well  designed  and  constructed  and  in 
ce  lent  condition.  Equipment  is  thoroughly  modem  in  practically  every 
stance  and  completely  modernized  in  the  rest. 


that 

ex- 

in- 


ADVARTAGES  OF  CONSOLIDATION 

1 - Tne  24  companies  now  operated  in  the  same  district,  sell  the  same  product, 
mined  and  milled  under  standard  wage  rates  and  shipped  under  identical  freight 
tariffs.  In  doing  so,  they  support  24  separate  management  overheads,  includ- 
in  some  instances,  elaborate  and  very  costly  sales,  estimating  and  drafting 
departments. 


0 “ It  is  an  old  established  and  thoroughly  proven  industry, 
has  operated  successfully  and  continuously  since  the  Civil  War. 


This  district 


-8- 


3 - The  entire  district  has  the  same  railroad  rate  for  all  companies  so 
that  no  "Pittsburgh  Plus"  or  railroad  rate  can  ever  give  any  Company  the 
advantage.  It  lies  in  the  center  of  population  of  the  United  States  so  tha.t 
it  has  every  advantage  as  a shipping  point. 

H - The  industry  has  been  developed  to  a point  where  efficiency  has  entered 
into  its  methods  and  today  the  principal  companies  have  practically  a 
standardized  and  simplified  problem  of  quarrying,,  milling  and  cutting. 

5  - A thoroughly  and  definitely  established  trade  name,  Indiana  Limestone, 
has  been  achieved. 


BY-PRODUCTS 

Large  output  with  resulting  decreases  in  cost  will  open  up  large  unexploited 
fields  for  the  use  of  by-products,  such  as; 

1 - Artificial  stone  for  cheaper  jobs. 

2 - Powdered  limestone  for  use  as  an  interior  plaster. 

3 - Chemical  lime,  especially  for  use  in  glass 

manufacture.  Some  limestone  waste  is  already 
being  used  for  this  purpose. 

^ - Setting  and  patching  mortar. 

5 - Crushed  limestone  for  agricultural  fertilization. 

6 - Hard  limestone  which  will  take  a high  polish  and 

can  be  treated  as  an  interior  marble. 

7 - Flux  for  use  in  the  manufacture  of  steel. 

Some  stone  is  used  for  this  purpose  now. 

All  that  is  needed  to  commercialize  the  byproducts  is  proper  investigation, 
education  and  sales  effort. 


**  * * * ** 


Aeroplane  View — Dark  Hollow  Quarry  of  The  Consolidated  Stone  Company. 


Steam  and  Electric  Channeling  Machines 
cutting  fourth  and  fifth  ledges. 


Quarry  View. 

Turning  over  a ‘"cut”  of  stone. 


Twenty-five  ton  steel  derricks  in  loading  yard  of  quarry. 


Circular  Diamond  Tooth  Saw  cutting  limestone 


Rough  Pillar  mounted  on  turning  lathe. 
Finished  product  in  foreground. 


Hr-  - ' 

<+>  l k ' 

V Bp 

i fip  V 

* 

A Double  Planer.  Cutting  Moulding  on  long  Blocks 


Gang  Saw.  Steel  Toothless  Saws  and  Cutting  Sand  cut  these  slabs 
at  the  rate  of  12  cubic  feet  per  hour. 


Turning  Lathe.  Cutting  base  for  a stone  column. 


CHICAGO  TRIBUNE  TOWER.  Chicago,  Illinois 


'm 


CALVARY  EPISCOPAL  CHURCH,  Pittsburgh,  Pennsylvania 


FIRST  NATIONAL  BANK  BUILDING,  Detroit,  Michigan 


LOS  ANGELES  GAS  & ELECTRIC  CORPORATION  BUILDING 
Los  Angeles,  Calif. 


STANDARD  OIL  BUILDING,  New  York  City 


r 


FEDERAL  RESERVE  BANK.  Chicago.  Illinois 


i. 


